9 ghoulish funds and how they met their demise

Kemper Option Income Fund

+ Zoom

A rogue manager horrified the industry in 1987 when he allocated losing futures trades to the fund and winning trades to an employee profit-sharing account. Kemper agreed to pay a total of $9.75 million to about 170,000 shareholders in the mutual funds, with $9.2 million of that coming because of the settlement.

Latest from InvestmentNews

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors.
So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.